The 2023 data shows a varied landscape in global tax expenditure on natural gas for electricity generation. Brazil leads with significant spending, despite an 11.2% decline, while Lithuania significantly increased its expenditure by 29.51%. Ireland and Armenia also showed growth, at 7.84% and 4.8% respectively. In contrast, Finland and Slovakia reported declines of 12.07% and 2.77%, respectively. Meanwhile, Slovenia remained stable with no change.
Future trends to watch include:
- Potential further reductions in Brazil's expenditure if current economic or energy policies persist.
- Continued growth in Lithuania's tax expenditure if their energy strategy maintains its current trajectory.
- The impact of renewable energy investments, which might alter these expenditures, particularly in European countries.
Top countries in Tax Expenditure on Natural Gas for Electricity Generation Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 57.53 | 2023 | +2.75% | -11.2% | View data |
| 2 | 2 Ireland | 10.14 | 2023 | +1.51% | +7.84% | View data |
| 3 | 3 Finland | 9.94 | 2023 | -8.72% | -12.07% | View data |
| 4 | 4 Hungary | 7.54 | 2023 | +3.25% | +0.73% | View data |
| 5 | 5 Czech Republic | 7.05 | 2023 | +3.42% | +2.58% | View data |
| 6 | 6 Slovakia | 3.47 | 2023 | -0.76% | -2.77% | View data |
| 7 | 7 Lithuania | 2.28 | 2023 | +27.21% | +29.51% | View data |
| 8 | 8 Latvia | 1.68 | 2023 | +0.37% | -2.41% | View data |
| 9 | 9 Armenia | 1.18 | 2023 | +3.33% | +4.8% | View data |
| 10 | 10 Slovenia | 0.015 | 2023 | 0% | 0% | View data |
